Headlines

Cold Stone is Hot

Ice cream retailer opens its 500th location

Published

22 years ago

October 20, 2003

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Cold Stone Creamery (Scottsdale, Ariz.), proclaiming itself “the fastest-growing super-premium ice cream franchise in the nation,” opened its 500th store, in Eatontown, N.J.

In 2002, Cold Stone Creamery opened 144 new stores. It has already opened 170 in 2003 and has another 450 slated for 2004.

In addition to the 500 stores operating in 41 states including Hawaii, Alaska and the Caribbean, the company has an additional 675 stores awarded that are in various stages of construction, real estate selection and development.

“Opening our 500th Cold Stone Creamery is a very rewarding accomplishment that our entire franchise community can celebrate,” said president and ceo Doug Ducey.

With year-to-date revenues surpassing the $100 million mark, the company has already exceeded its 2002 total revenues of $88.1 million and more than doubled 2001 revenues of $45.6 million.

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